Ada is giving many signs that it is ready to move.
1. ADA/BTC pair (not shown, check it out though) , the 50MA (blue) is pushing up and trying to cross above the MA(red)
2. ADA has consolidated for several weeks and created a bullish pennant.
3. Overall market is bullish, but ADA has not yet moved, although there is significant upwards pressure as we see volume beginning to increase.
Hard to say where the price will reach. I'm looking at 1.75 but could easily reach 2.00 and continue up.
1. ADA/BTC pair (not shown, check it out though) , the 50MA (blue) is pushing up and trying to cross above the MA(red)
2. ADA has consolidated for several weeks and created a bullish pennant.
3. Overall market is bullish, but ADA has not yet moved, although there is significant upwards pressure as we see volume beginning to increase.
Hard to say where the price will reach. I'm looking at 1.75 but could easily reach 2.00 and continue up.
Comment:
If Ada can hold here at 1.20... big big move - soon. Possible it can dip to 1.18 but this is stil inside the ascending pennant.
